FuboTV's stock soars after Wedbush analyst boosts price target by 25%_老虎社区_美港股上老虎 - 老虎社区

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FuboTV's stock soars after Wedbush analyst boosts price target by 25%

Dow Jones2021-02-01

MW FuboTV's stock soars after Wedbush analyst boosts price target by 25%

Shares of fuboTV Inc. (FUBO) shot up 12.4% in premarket trading Monday, after Wedbush analyst Michael Pachter boosted his price target by 25%, citing optimism over the streaming TV service's near-term prospects following a number of positive announcements in January. Pachter reiterated his outperform rating on the stock, while raising his price target to $50 from $40, after the company's positive fourth-quarter pre-announcement through a convertible debt offering. Pachter also believes fuboTV is "well positioned with its 'lead with sports' strategy and competitive pricing to compete for a favorable share" of a streaming TV market, which he believes currently stands at 30 million and will grow by 3 million a year for the next 10 years. FuboTV's stock has rocketed 213.2% over the past three months through Friday, while the S&P 500 has gained 13.6%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

$(END)$ Dow Jones Newswires

February 01, 2021 08:54 ET (13:54 GMT)

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AlvinA
·2021-02-03
已经五十了。。。还用你意思毛线
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